Empowered Funds LLC Makes New Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Empowered Funds LLC bought a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 148,175 shares of the technology company's stock, valued at approximately $7,210,000. Empowered Funds LLC owned approximately 0.33% of Ziff Davis as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ZD. Rice Hall James & Associates LLC increased its stake in Ziff Davis by 11.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company's stock worth $24,394,000 after acquiring an additional 49,510 shares during the last quarter. International Assets Investment Management LLC raised its stake in Ziff Davis by 31,812.6% during the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company's stock valued at $3,199,000 after purchasing an additional 65,534 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Ziff Davis by 401.6% during the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company's stock valued at $1,242,000 after purchasing an additional 20,437 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Ziff Davis by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company's stock valued at $6,231,000 after purchasing an additional 8,625 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Ziff Davis by 21.4% in the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company's stock worth $19,820,000 after buying an additional 63,458 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ZD shares. Barclays increased their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Citigroup cut their target price on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.29.

Ziff Davis Trading Down 3.9 %

Shares of NASDAQ:ZD traded down $2.21 during trading hours on Friday, hitting $55.10. 473,108 shares of the company's stock traded hands, compared to its average volume of 487,554. The firm has a market capitalization of $2.35 billion, a P/E ratio of 46.70 and a beta of 1.29. The business has a fifty day moving average price of $48.58 and a 200-day moving average price of $50.15. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.91.

Ziff Davis Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.